Therma Bright Inc V.THRM

Apparently the codes have been approved

[dmshediac]

the ceo.ca board has the web site and shows the codes. We should get  a nice newrelease Monday.

[Smokey1958]

Absolutely fantastic news, shediac! Not only that, the fee structure looks revenue generating. I like their accepted device price in establishing a starting point for determining coverage. "To that end, we have identified and are using a commercial price of $1,19914 from an official distributor of Venowave in the United States. As the price used in calculating the fee schedule amounts

[Smokey1958]

I should have stated profit generating (instead of revenue generating) as the margins on these devices tends to be high. Most sources indicate anywhere between 20% to 30%. For THRM to move forward in the next 6 months to a year and establish even $2 million in sales with gross profits of $400 thousand to $600 thousand could reduce the requirement to ever significantly dilute the outstanding share

[dmshediac]

And the "Profit Magins" for THRM  are true Profit.Meaning this company isn't a mining expl/ co.  or a manufacturing co.,, it has basicaly no overhead/little corp. expenses. It is true "Research & Development" co.,, farm out the manufacturing /sales staff,  etc., 

[CompleteAmateur]

And I hope all those $0.05 warrants get exercised, adding over $2M to its cash as well. That will help us go a long way. 

[Svenozzoni]

I will be very surprised if it is such a low margin. It is not a super advanced product and is currently manufactured in China. Have a hard time seeing it costing more than 50usd to manufacture.